The Silicon Valley Bank collapse exposes a reality that rich people would prefer to ignore.
FDIC
Posted inEconomic Policy
The Silicon Valley Bank Bailout Didn’t Need to Happen
The debate over protecting all deposits in a blink looks past the incompetence that got us here.
Posted inTAP
The Fed-Induced Bank Wobble
Today on TAP: Silicon Valley Bank’s collapse is a function of the Fed rate spike, and will surely trigger calls for its well-heeled tech and venture capital clients to get a bailout.
Posted inEconomic Policy
Keeping Crypto From Corrupting the Regulators
Financial scams thrive on weak regulation. Biden’s regulators are fighting back.
Posted inMoney, Politics, and Power
Wells Fargo Wants to Buy Its Way Out of Trouble
CFPB director Rohit Chopra has other ideas.
Posted inEconomic Policy
A Regulator Signals Comfort With Allowing More Bank Mergers
The OCC’s Michael Hsu expresses openness to behavioral remedies for bank mergers, when they have been shown not to work in other sectors.
Posted inTAP
Democrats Gain Control of a Key Regulatory Agency
Today on TAP: Trump’s chair of the FDIC, outvoted on a key issue, decides to bail.
Posted inPolitics
2022: The Year in Governing
Here’s everything to look out for over the next 12 months.
Posted inEconomic Policy
The Obscure Democrat Enabling Republicans on Bank Regulation
Michael Hsu, the acting comptroller of the currency, has gone silent after initially siding with fellow Democrats on a bank merger review.
Posted inEconomic Policy
In Bid to Beef Up Bank Rules, Dems Stop Playing Nice
Republicans are crying foul as a Democratic majority at the FDIC sidesteps its Trump-appointed chair.
